Gorilla Technology Group Inc (NASDAQ:GRRR) does about 2.04M shares in volume on a normal day but saw 12299816 shares change hands in the recent trading day. The company now has a market cap of 510.21M USD. Its current market price is $2040000.0, marking an increase of 12299816% compared to the previous close of $18.81. The 52 week high reached by this stock is $44.15 whilst the lowest price level in 52 weeks is $2.09.
The consensus objective for the share price is $31.00, suggesting that the stock has a potential downside of -6580545.16% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 26, 2023 when Cantor Fitzgerald initiated the stock to “Overweight” and issued a price target of $4.80.
The current price level is 29.45%, 37.97%, and 74.87% away from its SMA20, SMA50, and SMA200 respectively, with the GRRR price moving above the 50-day SMA on current market day. Gorilla Technology Group Inc (GRRR) stock is up 22.54% over the week and 59.18% over the past month. Its price is 681.11% year-to-date and 39.70% over the past year.
To reach the target analysts have set, the stock logically needs to shrink -6580545.16 percent from here.
The forward price to earnings ratio is 22.33. The beta has a value of -0.32.
